d4diddy:
I think there are other pssibilities for the SEC involvement. I know for a fact that a number of shareholders haver placed the SEC on notice and sent them various documents, emails, etc.,as part of this BK proceeding, which more or less indicate that MP and others are not walking into BK Court with clean hands and that the current bleak financial situation was the result of the inept and fanatical manahement by MP and his henchmen.
No doubt in my mind that MP planned, pushed and took delight in the CDEX BK filing and that he wants to pick up the pieces if they have to go Chapter 7.
But I've noticed a lack of participation by MP or his atty, if he has one, in the BK proceeding. I attribute that to the SEC investigating him -hence his backing off.
Look...JB had a personal bankruptcy, which may draw the ire of this BK Trustee, but this certainly would not prompt SEC involvement. In addition, JB has not managed the Company long enough and can hardly be held responsible for CDEX's dire financial predicament.
It all goes back to MP and IMO that's the reason for SEC involvement.
And for those of you consiracy theorists who believe JB was in cahoots with MP since 2004 or somtime therafter, that's absurd.
Plain and simple, JB was the largest shareholder and JB saw his investment going down the drain and as the largest shareholder he was the leader in getting MP out and then took over management of the Company. If there was some hidden hook-up with MP he would not have had a chance in getting the present directors on the Board. None of them would have anything to do with MP.
There is simply nothing factual to give credence to the insistence by some that JB's and MP's interests are aligned; that they planned this latest scenario; or that JB would give that a-hole MP the time of day.
